MENA: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in MENA

In 2023, the MENA's ammonium chloride market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a tangible expansion. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in years to come.

Ammonium Chloride Production in MENA

In value terms, ammonium chloride production stood at $X in 2023 estimated in export price. Over the period under review, production saw a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Ammonium Chloride Exports

Exports in MENA

In 2023, after two years of growth, there was significant decline in shipments abroad of ammonium chloride, when their volume decreased by X% to X tons. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ammonium chloride exports dropped to $X in 2023. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Jordan represented the largest exporter of ammonium chloride in MENA, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and Iran (X tons), together committing a X% share of total exports. Saudi Arabia (X tons) took a little share of total exports.

Jordan was also the fastest-growing in terms of the ammonium chloride exports, with a CAGR of X% from 2012 to 2023. At the same time, Iran (X%), Turkey (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. While the share of Jordan (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Jordan ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Jordan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Ammonium Chloride Imports

Imports in MENA

In 2023, approx. X tons of ammonium chloride were imported in MENA; surging by X% against 2022 figures. Total imports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, ammonium chloride imports rose remarkably to $X in 2023. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Turkey dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. Israel (X tons) took the second position in the ranking, followed by Egypt (X tons), the United Arab Emirates (X tons) and Morocco (X tons). All these countries together took near X% share of total imports. The following importers - Oman (X tons) and Djibouti (X tons) - each amounted to a X% share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Djibouti (X%), Morocco (X%), Oman (X%) and Israel (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Djibouti and Morocco increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ammonium chloride in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Turkey, ammonium chloride imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium chloride import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform